The XRP Ledger, originally developed by Ripple for cross-border payments, is now being used broadly. At the start of the year, 88% of transactions on the network were payments, while only 12% involved “OfferCreate Transactions.” Both categories currently make up 50% of transactions, reflecting a significant increase in non-payment activities.
This shift suggests that users are increasingly interested in the XRP Ledger’s additional capabilities, including issuing new assets and leveraging decentralized exchange (DEX) features, as trading activity on the network continues to grow. Meanwhile, Santiment’s data reveals significant development progress across ten top crypto ecosystems, underscoring their potential for innovation and growth. In light of this, investors are searching for affordable tokens, particularly the best cheap crypto to buy now under 1 dollar.
5 Best Cheap Cryptocurrencies to Buy Under 1 Dollar
Ripple (XRP) experienced a brief price increase this week after two financial firms submitted proposals for an XRP ETF to the SEC. Meanwhile, the TRON Network has grown in popularity, as seen in its increased transaction share among major altcoin blockchains. Cronos (CRO) currently trades at $0.071761, with a 24-hour trading volume reaching $8.22 million.
In addition, Pepe Unchained (PEPU) continues to gain momentum, with its presale crossing the $24 million milestone. Bitcoin has dipped below $68K as the broader crypto market shows signs of weakness ahead of the upcoming election.
1. XRP (XRP)
Ripple (XRP) saw a brief price surge this week after two financial services firms submitted XRP ETF proposals to the SEC. Ripple gained nearly 10% on this news, though it has since returned to prior levels. Though many hurdles remain, these filings represent an important step toward ETF approval. Approval is unlikely to happen quickly, which may restrain Ripple’s price soon. Analysts caution that investing in XRP now may carry downside risks, as a better entry opportunity could arise if prices dip.
XRP’s price is $0.501995, reflecting a 1.68% drop over the past 24 hours. Over the last 30 days, XRP has shown positive movement on 16 days, or about 53%, and retains high liquidity based on its market cap.
The Q3 ‘24 XRP Markets Report is now live.
Last quarter saw major milestones and partnerships including the ETH ETF launch, rising speculation around the U.S. presidential election and the announcement of RLUSD exchange partners and advisory board. https://t.co/BHJ1QViLlH
— Ripple (@Ripple) November 1, 2024
For November, predictions suggest that XRP could trend upward, with prices potentially reaching $0.599612. The projected range for this period is between $0.503411 and $0.677013. This could provide an estimated gain of up to 34.89% for those who buy now and sell at predicted highs. This outlook partly relies on recent market patterns.
2. TRON (TRX)
TRON Network has recently seen an uptick in popularity, reflected in its transaction share across major altcoin blockchains. As of October 30, TRON accounted for 43% of total transactions among major alternative chains, making it the leading network for transaction volume.
In October alone, TRON processed approximately 230 million transactions. A significant rise in daily activity occurred on October 24, with TRON handling 10.46 million transactions, around 25% above the 30-day average. This trend aligns with TRON’s broader transaction activity in 2024, which has frequently led to transaction volume.
However, TRON’s share of total transactions dipped slightly between late August and early October as activity on competing networks rose. TRON’s transaction share stabilized, suggesting it will continue as the primary alt-chain if recent trends persist.
🌞 October Integrations on #TRON
Looking forward to future developments and more exciting integrations as we drive the industry forward together!🌐 pic.twitter.com/QXG7JSzw26
— TRON DAO (@trondao) November 1, 2024
On the price front, TRON (TRX) is trading at $0.164452, with a 0.95% dip in the last 24 hours. Over the past year, however, TRX has risen by 68%, outperforming more than half of the top 100 crypto assets. The price is also trading above its 200-day simple moving average (SMA) by about 20.55%, currently at $0.136391.
TRX has maintained a positive performance relative to its token sale price, with 15 green days in the past 30 days, or 50% of the time. TRON’s recent metrics indicate a sustained position as a high-transaction network with steady price performance.
3. Cronos (CRO)
Cronos (CRO) is currently priced at $0.071761, with a trading volume of $8.22 million over the past 24 hours. The market capitalization stands at $1.91 billion, while the coin holds a market dominance of 0.08%. On the last day, CRO’s value decreased by 1.33%. However, it has experienced an overall increase of 7% over the past year.
Forecasts for November 2024 indicate a possible shift in market trends. Analysts predict that CRO may rise to approximately $0.08334. The expected trading range lies between $0.0718 and $0.090752.
🪄 Time to mix a little AI magic into your dapp!
💰 The @cryptocom_agent AI Agent Builder Grant Program is offering up to $20K to #Cronos devs with an eye for AI. Build on Cronos EVM or zkEVM with data tools, interactive apps or smart adoption strategies.
👉 Apply here #CROFam:… https://t.co/D3tBDcUvLD
— Cronos (@cronos_chain) November 3, 2024
This projection is influenced by the performance observed in the previous month. If investors decide to purchase CRO at the current price, they could realize a return on investment of about 25.99% if they sell at the anticipated rates.
4. Stellar (XLM)
Stellar (XLM) is a decentralized peer-to-peer (P2P) network established in 2014 by the Stellar Development Foundation, also known as Stellar.org. The network officially launched in 2015 to connect various financial systems globally. Its design facilitates quick and reliable movement of financial resources at a low cost, serving as a platform for banks, payment processors, and individuals to create, send, and trade different types of cryptocurrencies.
As of today, Stellar’s price stands at $0.09074, having declined by 1.86% over the last 24 hours. The current sentiment surrounding XLM is bearish, although the Fear & Greed Index indicates a score of 69, reflecting a state of greed in the market. In the past month, there have been 16 days where the closing price was higher than the opening price, which accounts for 53% of the days.
Looking ahead to November 2024, forecasts indicate a potential shift in market trends, with predictions suggesting that XLM could rise to approximately $0.136417. Analysts expect the price to fluctuate between $0.090659 and $0.158612. If investors purchase XLM at the current price and sell at the projected rates, they might see a return on investment (ROI) of around 74.72%.
5. Pepe Unchained ($PEPU)
Pepe Unchained (PEPU) is gaining traction in crypto, with its presale surpassing the $24 million mark. This project aims to establish the first Layer 2 ecosystem dedicated to meme coins, potentially transforming the landscape for humor-based tokens.
The Pepe Unchained network addresses issues associated with Ethereum-based meme coins. Ethereum can handle approximately 15 transactions per second, leading to high gas fees and missed trading opportunities. In contrast, PEPU promises transaction speeds that are 100 times faster, enhancing users’ trading experience.
The upcoming Layer 2 network will feature essential tools, including instant bridging to Ethereum, a dedicated chain explorer, a decentralized exchange (DEX), and advanced analytics. These components are expected to improve usability and encourage meme coin developers to stay on the Ethereum network.
We just hit 24M! the GigaBrain community really is showing out for Pepe and we love it!
Thank you so much for your continued support and we can't wait for what the future holds!! pic.twitter.com/HReinuWM76
— Pepe Unchained (@pepe_unchained) November 1, 2024
Pepe Unchained has initiated the “Pepe Frens With Benefits” grant program to attract developers to build applications on its Layer 2 network. A significant 12.5% of the total 8 billion token supply has been reserved for development.
With 70% of the total token supply allocated for presale and a 96% APY, new investors have abundant opportunities. Currently priced at $0.01209, the PEPU token will soon increase. As the presale progresses, the token’s price will likely rise, reflecting the growing interest in this innovative meme coin ecosystem.
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